U.S. President Donald Trump has said he will impose a 25 per cent tariff on Canadian goods exported to the U.S. (including aluminum and steel), along with a 10 per cent tariff on energy products, next month. In kind, the Government of Canada has responded with targeted tariffs, with some products having a direct impact on construction.
“Canada’s construction industry is disappointed to see the imposition of tariffs,” said Rodrigue Gilbert, president of the Canadian Construction Association (CCA). “We appreciate that the federal government has issued a strong response to President Trump’s senseless tariffs and will hold consultations with industry on further measures.”
The impacts of this trade conflict will be felt throughout the Canadian economy. These measures are likely to impact not only the ability of construction operators to meet their project requirements, but also the supply chains that the Canadian industries rely on all together. This limits the industry’s ability to combat the housing crisis, slows down its ability to build critical infrastructure, and so much more.
“This is a time where we need all Canadians to stand up for Canada. This is not the time to sit on our hands – we all have to work together to increase productivity and support Canadian businesses, so that we can all build a stronger Canada and surmount this trade conflict,” said Gilbert.
As all levels of government consider non-tariff measures to support Canadian businesses and stimulate our economy, the CCA urges all governments to consult with industry so that any and all measures can be targeted, effective and reflect the real needs of the industry.
CCA will continue to monitor the impact of these economic measures on the construction industry and will work with all levels of government to build a strong foundation for Canada’s future.